Non-Royalty Sublicense Income

Example Definitions of "Non-Royalty Sublicense Income"
Non-Royalty Sublicense Income. Any payments or other consideration that Licensee or any of its Affiliates receives in consideration for a Sublicense, other than royalties based on Net Revenues. If Licensee or its Affiliate receives non-cash consideration in connection with a Sublicense or in the case of transactions not at arm's length, Non-Royalty Sublicense Income will be calculated based on the fair market value of such consideration or transaction, at the time of the transaction, assuming an arm's-length transaction made... in the ordinary course of business. Non-Royalty Sublicense Income does not include: (a) equity purchased at fair market value; or (b) bona fide research and development funding related to potential Licensed Products or Licensed Services. View More
Found in 10x Genomics, Inc. contract
Non-Royalty Sublicense Income. Any payments or other consideration that Licensee or any of its Affiliates receives in consideration for connection with a Sublicense, other than royalties based on Net Revenues. If sales, leases or other transfers of Licensed Products by a Sublicensee. In the event that Licensee or its an Affiliate of Licensee receives non-cash non-monetary consideration in connection with a Sublicense or in the case of transactions not at arm's length, Non-Royalty Sublicense Income will shall be calculated... based on the fair market value of such consideration or transaction, at the time of the transaction, assuming an arm's-length arm's length transaction made in the ordinary course of business. Non-Royalty Sublicense Income does shall not include: (a) equity purchased at fair market value; include payments specifically committed to cover future costs to be actually incurred by Licensee or (b) bona fide any of its Affiliates (including customary overhead) in the performance of research and development funding related activities to potential be performed by Licensee or any of its Affiliates in connection with a Licensed Products Product or a product expected to become a Licensed Services. Product. View More
Found in TETRAPHASE PHARMACEUTICALS INC contract
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Non-Royalty Sublicense Income. Sublicense issue fees, Sublicense maintenance fees, Sublicense milestone payments, and any other payments, except for (i) [****] or (ii) [****] or (iii) [****] or (iv) [****].
Found in RAINDANCE TECHNOLOGIES INC contract
Non-Royalty Sublicense Income. The cash consideration amounts received by Mayfield or its Affiliate from an Exclusive Sublicensee in consideration for the grant of an exclusive sublicense described in the first sentence of Section 4.7; provided, however, that Non-Royalty Sublicense Income excludes amounts received: (a) as bona fide reimbursement (i) for out of pocket costs incurred to prosecute and maintain the Licensed IP Rights or (ii) for fully-burdened costs incurred that are attributable to the research and/or... development of the subject matter of the Licensed IP Rights and/or Products; (b) as bona fide loans (unless forgiven); (c) for securities sold to the Exclusive Sublicensee at fair market value; and (d) as running royalties (including any amounts paid based upon sales or profits from the sales of Product). To the extent that Non-Royalty Sublicense Income represents an unallocated combined payment for both a sublicense of Licensed IP Rights as well as other intellectual property, undertakings or subject matter, for purposes of calculating payments due to TGV, Non- Royalty Sublicense Income shall be reasonably allocated by mutual written agreement of the parties between the Licensed IP Rights and such other intellectual property, undertakings or subject matter, based on their relative value View More
Found in HARROW HEALTH, INC. contract
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